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Tesla investor hopes Musk’s government role will be cut short

byQG
|
16 Mar 2025 15h00
a bank sign in front of a building
© Unsplash

A Tesla investor has admitted to hoping that Elon Musk’s role in the government will be short-lived as the company faces a difficult period.

Christopher Tsai, an investment manager whose firm has tens of millions of dollars invested in Tesla, argued that financial markets have shown distrust toward Musk due to his ties to Donald Trump and his involvement with DOGE.

"I hope his involvement with [Doge] is short-lived so he can spend even more time on his businesses," he told The Guardian.

The president of Tsai Capital, which manages a $137 million portfolio, clarified that his statement was not a lack of confidence in Musk but rather an observation of public sentiment in the U.S.

In a letter to investors, Tsai said that Tesla is more of an advanced electronics and software company than a traditional car manufacturer.

When Musk acquired Twitter (now X) in 2022, the financial markets also reacted negatively.

(QG - Source : The Guardian - Picture : © Unsplash)